The Cryptocurrency markets are melting down in the aftermath of FTX and Alameda declaring bankruptcy, taking down BlockFi, and damaging many other significant players like Gemini, Genesis, Crypto.com, and more!
And since it's happened the whole financial industry has been hammering Bitcoin and other cryptocurrencies, saying it's all a scam.
Bitcoin believers have been saying that Bitcoin is NOT the same as other Cryptos, you have to understand the reason why we make that distinction is because they're totally different things.
Bitcoin is revolutionary!
Bitcoin has different attributes from other cryptocurrencies.
There are different properties, like gold and other metals, there are all types of metals, but there's only one gold.
You have steel, aluminum, platinum, palladium, and silver. They're all metal, but have different attributes, just like Bitcoin when we compare it to other existing cryptocurrencies.
Another thing that makes Bitcoin unique is that it is non-regulatory.
It's borderless, It's just a computer network that can be used anywhere in the world.
It's permissionless, anybody can just grab a computer and join the network. You don't need permission. It's censorship resistant. Nobody can steal it from me.
And more importantly, nobody can censor it.
Meaning if I want to send it to you, nobody can stop it, block it, or prevent it. It's immutable. If you send it to me or I send it to you, once you have it, it's yours.
There is still a lot of confusion over the entire cryptocurrency space right now, with headlines asking all types of questions, such as "Is this all a scam?" or... "Should government regulators shut all this down to protect people?"
That's why I made a complete video covering this topic to help you gain clarity and take better decisions.
If you want to understand better why many others and I say that Bitcoin is Not crypto, how to value and measure your Bitcoin, and more, watch my most recent video here.
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